Mr. Speaker, I move, seconded by the honourable Member for Kitikmeot, that Bill 22, Legal Registries division Measures Act, be read for the second time. Mr. Speaker, this bill amends the Business Corporations Act, Co-operative Associations Act, Land Titles Act, Partnership Act, Securities Act, and Societies Act to implement plans and agreements relating to the establishment of Nunavut. Provisions are added to the relevant statutes to provide that Northwest Territories business corporations, extra-territorial corporations, societies, co-operatives, limited partnerships and extra-territorial limited partnerships are deemed to be no longer incorporated, registered or formed under the Northwest Territories statutes if the registered office, locality of operations or general partners of the entity, as the case may be, are in Nunavut on April 1, 1999. These entities may continue to operate in the Northwest Territories without registering under the relevant Northwest Territories statute until March 31, 2001.

In addition, a number of minor amendments are made as follows: - certain transitional provisions of the Land Titles Act that are now spent are repealed to avoid confusion; - the Partnership Act is amended to provide that a partnership or sole proprietor that has filed a declaration under the act may file a notice indicating that they continue to exist, but no longer carry on business in the Northwest Territories; and, - the Securities Act is amended to provide that a registered broker or salesperson whose address for service is located in Nunavut on March 31, 1999, may be served at the address in respect of proceedings in the Northwest Territories until that address is changed in accordance with the act. Thank you, Mr. Speaker.